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1484 Mineral Spring Ave 2,410 SF Retail Building North Providence, RI 02904 $1,800,000 ($746.89/SF) 5.25% Cap Rate
Investment Highlights
- Strong Operator | Cafua Management Company operates over 200 locations
- Longstanding Commitment to Location I Tenant has occupied the site since 2005
- Property Equipped with a Drive-Thru
- Ideal Retail Demographics I 159,000+ population and $86,000 Household Income in a 3-Mile Radius
- High Traffic Location | Property benefits from being situated on Mineral Springs Ave. which sees 22,000+ VPD
- Fee Simple Ownership (Land and Building) | Depreciable asset
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,410 SF
Building Class
B
Year Built/Renovated
1990/2005
Price
$1,800,000
Price Per SF
$746.89
Cap Rate
5.25%
NOI
$94,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.29 AC
Zoning
CG
Parking
8 Spaces (3.64 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Property Manager on Site
- Pylon Sign
- Signage
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | NPRO-000005-000000-000098 | Improvements Assessment | $747,900 |
| Land Assessment | $568,200 | Total Assessment | $1,316,100 |
Property Taxes
Parcel Number
NPRO-000005-000000-000098
Land Assessment
$568,200
Improvements Assessment
$747,900
Total Assessment
$1,316,100
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1484 Mineral Spring Ave
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